Abu Dhabi: ADNOC Trading and ADNOC Global Trading have successfully executed over 850,000 buy and sell transactions for various traded products since the start of 2024. This significant achievement was announced by Ahmad bin Thalith, Chief Executive Officer of ADNOC Global Trading, during a media briefing aimed at introducing the ADNOC Trading Academy.
According to Emirates News Agency, bin Thalith highlighted that the daily trading volumes of the two companies now exceed ADNOC’s annual trading activities prior to their establishment in 2020. He noted the remarkable expansion of ADNOC’s global market presence, with the company now engaging with over 80 countries, up from 30 before the inception of ADNOC Trading and ADNOC Global Trading. Additionally, the number of companies ADNOC deals with has increased from 50 to over 280.
The CEO emphasized the substantial value that ADNOC Trading and ADNOC Global Trading have brought to ADNOC’s trading and marketing operations. These contributions have significantly boo
sted production processes, and by the end of 2023, the companies generated returns on investment that were 17 times higher than their establishment costs. Bin Thalith also pointed out the steady growth of ADNOC Global Trading, solidifying its position in the energy market, particularly in key markets like Singapore, with plans to expand into Europe and the United States.
Regarding the ADNOC Trading Academy, bin Thalith stated that the academy has been a crucial element in ADNOC’s trading success. It has trained 38 Emiratis who are actively involved in global trading operations and various roles within ADNOC Global Trading and ADNOC Trading. The academy’s objective is to prepare Emiratis for global market demands through a rigorous two-year programme that includes mentorship, hands-on skills, market simulations, and real-time analysis.
The ADNOC Trading Academy currently has over 80 employees set to graduate and join ADNOC Global Trading and ADNOC Trading, with plans to further increase this number to empowe
r more Emirati talent in trading. The CEO also stressed the academy’s vital role in empowering national talent and enhancing localisation efforts, noting that the two companies currently boast a workforce of 400 employees, with a localisation rate exceeding 38 percent.
